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CCL Products (India) Ltd (CCL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519600 NSE: CCL Tea/Coffee | Small Cap | CCL Products (India) Share Price

₹1,167.35 7.70 (0.66%)

As on 24-Jun'26 16:59

CCL Products (India) Ltd (CCL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519600 NSE: CCL Tea/Coffee | Small Cap | CCL Products (India) Share Price

₹1,167.35 7.70 (0.66%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹15,485 Cr.
Current Price
₹1,167.4
52-Week Low / High
₹809 / 1,236
TTM EPS
₹21.5
TTM Sales
₹2,216 Cr.
Book Value per Share
₹103.1
P/E Ratio
53.92
In line with its 5-year historical median
Industry PE
62.3
Price to Book (P/B)
11.24
Higher than its 5-year historical median
Price to Sales (P/S)
6.99
Higher than its 5-year historical median
EV/EBITDA
33.89
In line with its 5-year historical median
Dividend Yield
0.43%
Profitability Efficiency
Return on Equity (ROE)
8.16%
Outperforms industry median
Return on Capital Employed (ROCE)
10.11%
Outperforms industry median
Return on Assets (ROA)
4.19%
Operating Profit Margin
11.9%
Net Profit Margin
5.37%
Gross Profit Margin
10.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
17.98%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
6.63%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-3.16%
Asset Quality
Promoter Holding
46.11%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,350 Cr.
Equity
₹26.7 Cr.
Face Value
₹2
All Time Low / High
₹0.10 / 1236.00

CCL Products (India) stock performance

Key Ratios
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Quality

Somewhat Good

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 Is CCL Products (India) Ltd a good quality company?
CCL Products (India) Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does CCL Products (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of CCL Products (India) Ltd vs industry peers?
CCL Products (India) Ltd revenue CAGR is 15.87%, compared to the industry median CAGR of 3.64%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of CCL Products (India) Ltd?
Promoters hold 46.11% of the CCL Products (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of CCL Products (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.4% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
CCL Products (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 24.7%26.7%20.5%19.1%27.6%17.6%14.1%14.3%9.3%10.1%-
Value Creation
Index
0.80.90.50.41.00.30.00.1-0.3-0.3-

Growth Parameters

Sales 6777078238098237959231,3561,4561,7182,216
Sales YoY Gr.-4.5%16.4%-1.7%1.7%-3.4%16.1%46.9%7.4%18%-
Adj EPS 6.47.57.59.717.611.79.212.76.25.421.5
YoY Gr.-16.7%0%29.6%82.1%-33.8%-21.3%38.2%-51.6%-12.4%-
BVPS (₹) 33.640.444.748.859.669.874.780.382.587.3103.1
Adj Net
Profit
85.199.499.412923415512216981.872287
Cash Flow from Ops. 10755.572114-15.514021.210262.5148-
Debt/CF from Ops. 1.11.84.33.5-28.22.922.75.612.55.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.9%15.9%23%18%
Adj EPS -1.9%-21.1%-16.3%-12.4%
BVPS11.2%7.9%5.4%5.8%
Share Price 17.1% 28.1% 22.5% 37.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2020.217.620.732.518.112.716.37.56.322.6
Op. Profit
Mgn %
21.32420.321.524.422.920.515.413.211.913.6
Net Profit
Mgn %
12.614.112.115.928.519.613.212.55.64.213
Debt to
Equity
0.30.20.50.60.60.40.50.50.70.70
Working Cap
Days
144154160172195231225186206222111
Cash Conv.
Cycle
9510510910913517117114115916419

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6777078238098237959231,3561,4561,718
Operating Expenses + 5385386596406226137341,1471,2641,513
Manufacturing Costs9010199106146166194268320295
Material Costs401380497459389357442733752973
Employee Cost 1721232734384379101113
Other Costs 303640495352556791133
Operating Profit 140169164169200182189209192205
Operating Profit Margin (%) 20.6%24.0%20.0%20.9%24.4%22.9%20.5%15.4%13.2%11.9%
Other Income + 114301407139502543
Exceptional Items 0000000000
Interest 4768171614274569
Depreciation 10111112252731365249
Profit Before Tax 126153151179298210184196120130
Tax 44545353595256212538
Profit After Tax 8299981252391591271759592
PAT Margin (%) 12.1%14.0%11.9%15.5%29.0%20.0%13.8%12.9%6.5%5.4%
Adjusted EPS (₹)6.27.47.49.418.011.99.613.27.26.9
Dividend Payout Ratio (%)40.60%33.60%34%37.10%27.80%33.50%52.30%41.70%62.80%72.30%

Valuation of CCL Products (India) - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4475385956497929289931,0681,0971,166
Share Capital 27272727272727272727
Reserves 4205115686227669029671,0411,0711,139
Debt +11498308361362323392494748788
Long Term Debt00182193219132112354735
Short Term Debt11498127168143192280459701753
Minority Interest0000000000
Trade Payables768541718334845119
Others Liabilities 676371148176196198184151292
Total Liabilities 6357059821,2131,3481,4661,6161,7952,0412,365

Fixed Assets

Net Fixed Assets +209215212220567662656817860882
Gross Block3512262342546267477739721,0651,137
Accumulated Depreciation1421122335985116155205255
CWIP 002134249778147441428
Investments 151154158159159157157157237242
Inventories95137145145188250419429460546
Trade Receivables92104125149216137120175306423
Cash Equivalents 46839186917323318
Others Assets 84891217710411499142130227
Total Assets 6357059821,2131,3481,4661,6161,7952,0412,365

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1075572114-161402110263148
PBT 126153151179298210184196120130
Adjustment 101112-18-106-359188884
Changes in Working Capital 9-55-3412-155-11-132-77-117-41
Tax Paid -38-53-57-59-53-25-39-35-29-25
Cash Flow From Investing Activity + -77-22-240-13670-32-66-55-156-144
Capex -77-19-246-173-61-96-92-94-76-66
Net Investments 000002-2-0-80-5
Others 0-3637131622839-0-73
Cash Flow From Financing Activity + -30-3217030-52-58-7-3295-20
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 001825163-80-15-118-3225
Interest Paid 0000000-26-45-69
Dividend Paid -40-13-33-63-90-27-80-67-67-27
Others 10-192142-26498817923951
Net Cash Flow 1128251-52152-16

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)19.2520.1117.2720.1733.1518.4413.2417.018.88.16
ROCE (%)24.6526.7220.4619.1127.6317.6114.0514.269.3210.11
Asset Turnover Ratio1.111.070.980.740.640.570.60.80.760.78
PAT to CFO Conversion(x)1.30.560.730.91-0.070.880.170.580.661.61
Working Capital Days
Receivable Days48.7050.2050.8061.8080.9080.8050.8039.7060.3077.50
Inventory Days6059.3062.4065.5073.80100.40132.10114.10111.40106.80
Payable Days18.706.405.2024.7033.5017.7020.8020.2022.6030.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

CCL Products (India) Ltd FAQs

The current trading price of CCL Products (India) on 24-Jun-2026 16:59 is ₹1,167.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jun-2026 the market cap of CCL Products (India) stood at ₹15,484.6 Cr

The latest P/E ratio of CCL Products (India) as of 23-Jun-2026 is 53.92.

The latest P/B ratio of CCL Products (India) as of 23-Jun-2026 is 11.24.

The 52-week high of CCL Products (India) is ₹1,236 and the 52-week low is ₹809.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CCL Products (India) is ₹2,216 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that CCL Products (India) Ltd is a average quality company.

The key valuation ratios of CCL Products (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of CCL Products (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About CCL Products (India) Ltd

CCL Products (India) Limited, a listed public company limited by shares was founded in the year 1994 with the vision of creating only the finest and the richest coffee in the world. The company do business with integrity, commitment, customer orientation and an unwavering effort to maintain the highest quality standards in the industry. Its strong infrastructural backbone and a global client repertoire in several countries have led it to evolve into the largest instant coffee exporter in private labeling in the world.

On the manufacturing unit front, the company has state-of-the-art Soluble Instant Coffee Manufacturing. The plant is located at Duggirala Mandal, Guntur District, Andhra Pradesh, India. The company has the distinction of setting up India’s first Freeze. Dried Instant Coffee Manufacturing Plant in the year 2005 at this facility. With an emerging demand for its freeze dried coffee one more freeze dried unit has been put up at Kuvvakolli.

Meanwhile, Continental Coffee S.A is engaged in the manufacture of Instant/Soluble Agglomerated/granulated Coffee, as well as the supplying of Spray-Dried coffee, and Freeze Dried Coffee. The company has the ability to customize instant coffee, as per the customer requirements, from carefully chosen Arabica and Robusta coffee beans which are roasted and processed to perfection. In addition to 100% pure soluble instant coffee. Moreover, Ngon Coffee state-of-the-art Coffee Manufacturing Plant is located at Cu Kuin Industrial Complex, Cu Kuin District, Dak lak Province, Vietnam.

Business area of the company

The company is engaged in the production, trading and distribution of Coffee. The Company has business operations mainly in India, Vietnam and Switzerland countries

Products

  • Spray Dried Coffee Powder
  • Spray Dried Coffee Granules
  • Freeze Dried Coffee
  • Freeze Concentrated Liquid Coffee
  • Roast & Ground Coffee
  • Roasted Coffee Beans
  • Premix Coffee

Milestones

  • 1993: Inception of CCL
  • 1995: Production capacity of 3600 MTs
  • 2003: Enhanced capacity to 6000 MTs
  • 2005: India’s First instant coffee FD plant was set up
  • 2007: Second FD plant was set up with 4500 MTs
  • 2010: 3000 MTS granulations capacity plant at Switzerland was set up
  • 2012: Vietnam 10000MTs spray dried plant was set up
  • 2014: Continental Coffee Pvt. Ltd was set up
  • 2014: Reached a capacity of 14000MTs in spray dried
  • 2016: 15000 MTs premix plant was set up
  • 2019: 5000 MTs new FD plant at SEZ
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